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Seller's Net Sheet

KEY ITEMS INCLUDED IN NET SHEET

This estimate is an approximation and will vary depending on the closing agent. For the purposes of this estimate, we are using an average cost for items to close. Net to seller represents the amount of money available to satisfy any additional liens or encumbrances secured by the property.

  

  • Property Taxes are prorated to the day of closing, and are paid in arrears in Florida. The seller pays the buyer for the portion of the year they occupied the home. 

  • Property Title Search is a critical, pre-closing examination of public records to verify a seller’s legal right to transfer ownership and ensure the property is free of undisclosed debts, liens, or restrictions (Cost varies between $85 and $300).

  • Municipal or Property Lien Search is a specialized, in-depth investigation conducted during real estate closing to identify unrecorded debts and violations owed to local governments, such as unpaid utility bills, code violations, and open/expired permits. Unlike a standard title search, it reveals hidden, non-recorded financial obligations that could become the new owner's responsibility. This is common in Florida to check for unrecorded liens (Cost varies between $95 and $400).

  • Title Closing/Settlement Fee is paid to the title company or attorney for facilitating the closing process (Cost varies between $500 and $1,000).

  • HOA Estoppel Letter provides the status of an individual's account with a homeowners' association (HOA), and provides proof of payment of dues, assessments, and other charges owed to the HOA (Cost varies between $100 and $300).

  • Courier Fees  cover the cost of shipping documents, such as mortgage payoffs and original deeds between parties (Cost varies between $25 and $50).

  • Recording Fees are paid to the county clerk to record all closing documents which will become a part of public record (Cost varies between $50 and $250).

  • Documentary Stamps on Deed run $0.70 per $100 of the sale price ($0.60 in Miami-Dade only) and are paid to the county.

  • Buyer's Title Insurance Policy is usually paid by the seller, at a cost of $5 per $1K, as the seller is guaranteeing clear title to the buyer.​

  • Other Costs is simply the total of the Title Search, Property Lien Search, Title Closing Fee, HOA Estoppel Letter, Courier and Recording Fees as stated from the entries above.

  • FIRPTA Withholding for Foreign Sellers* The IRS requires 15% of the gross sales price to be withheld at closing and remitted to them within 20 days. Sellers get funds back by filing a U.S. tax return.  

(* These funds are not reflective on this Sellers Net Sheet. Consult a tax professional for tax advice.)

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